Mediterranean Bank plc Subordinated Unsecured Bond Issue

This is a formal notice issued with respect to an offer to the public by Mediterranean Bank plc
(the “Issuer”) of 5% subordinated unsecured bonds with a principal aggregate amount equivalent to €20 million due in 2027
(the “Bonds”). The Bonds will be issued at par in tranches denominated in Euro (the “EUR Bonds”) and Pounds Sterling (the “GBP Bonds”) of a nominal of €100 and £100 per EUR Bond and GBP Bond respectively.

In terms of Section
99 of the Companies Act, Cap. 386 of the laws of Malta, and Listing Rule 4.48, notice is hereby given that a prospectus dated 25 September 2017
has been issued and filed with the Registrar of Companies (the “Bond Prospectus”).

Copies of the Bond Prospectus
can be obtained during office hours as from 2 October 2017 from Mediterranean Bank’s branches and the authorised financial
intermediaries listed hereunder:

NAME

ADDRESS

TELEPHONE

Jesmond Mizzi Financial Advisors Limited

67, Flat 3, South Street, Valletta VLT 1105

21224410

Charts Investment Management Service Ltd

Valletta Waterfront, Vault 17, Pinto Wharf, Floriana FRN 1913

21224106

The Bonds are expected to be admitted to the Official List of the Malta Stock Exchange on 27 October 2017 and trading is expected to commence on 30 October 2017.
Trading in the EUR Bonds and the GBP Bonds shall take place on the Malta Stock Exchange in multiples of €1,000 and £1,000 respectively, subject to the retention of a
minimum holding of €25,000 or £25,000, as applicable, by each individual holder of the EUR Bonds or the GBP Bonds.

The Bonds are unsecured and subordinated.
Subordination means that the rights and claims of Bondholders in respect of the payment of capital and interest on the Bonds will, in the event of dissolution and winding
up of the Issuer, rank after the claims of all unsubordinated debt and will not be repaid until all other unsubordinated debt outstanding at the time has been settled. The
value of investments can rise or fall, and past performance is not necessarily indicative of future performance. Prospective investors are urged to consult an independent
financial adviser prior to investing in the Bonds.

Should you need any clarification on the above, do not hesitate to visit one of our branches or contact us on
(+356) 2557 4400, from Monday to Friday 8:00am to 6:00pm and on Saturday 8:00am to 1:00pm.

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Disclaimer

The materials contained in this web site are provided for general information purposes only and are not intended to provide legal or other professional advice nor do they commit MeDirect Bank (Malta) plc to any obligation whatsoever. MeDirect Bank (Malta) plc accepts no responsibility for any direct, indirect or consequential loss or damage which may arise from reliance on information contained in this site. Users are advised to seek confirmation of statements made herein before acting upon them; specialist advice should also be sought on specific issues.